Idaho Code § 40-408
This is the official text of Idaho Code § 40-408, part of Idaho’s Code — part of the compiled statutory law of Idaho, published by the state as "Code." Browse the sections below, each linked to its official government source.
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40-408 TAX EXEMPTION — TURNPIKE PROJECTS.
Official statutory text
40-408. Tax exemption — Turnpike projects. The exercise of powers for turnpike projects shall be in all respects for the benefit of the people of the state, for the increase of their commerce and prosperity, and the improvement of turnpike projects by the board shall constitute the performance of essential governmental functions. The board shall not be required to pay any taxes or assessments upon any turnpike project or any property acquired or used by it relating to turnpike projects or upon the income from them, and any turnpike project and any property acquired or used by the board, and the income from them, and the bonds issued, their transfer and the income from them, including any profit made on the sale of them, shall be exempt from all taxation.
History:
[40-408, added 1985, ch. 253, sec. 2, p. 609.]
History:
[40-408, added 1985, ch. 253, sec. 2, p. 609.]
Status: in_force · Read it on the official government site
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